[ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented - page 120.

shield132

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Quote from: ChipMixer on September 21, 2017, 09:28:16 AM

Quote from: mk4 on September 21, 2017, 09:16:14 AM

Whatever that caused bitmixer to close(I forgot what caused them to close), might can also be the cause ChipMixer to close in the future if it was something involving the government or something.

Nobody knows what caused them do close. There is only speculation for example here: https://bitcointalk.org/index.php?topic=2194145.20

Thanks chipmixer for posting my thread's link here.
Man as they claim they closed it because they think bitcoin won't be used for drugs and etc.. In reality it's not reason and I hope people realize it. They wouldn't say that they are afraid because of alphabay was seized and their mixer was used to send coins here. I believe they lied reason and I believe they shut down their website to avoid being in jail and I appreciate such smart way (some people are so numb, they would continue service to get much and much money). Also bitmixer was pure profit machine, they had huge profit, it was millions in year.
Reason of bitmixer's close was seize of known drug markets, that's all, they were source of their money and if they would continue service, they would be seized also.

ChipMixer

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https://bitcointalk.org/index.php?topic=1935098

Quote from: HCP on September 21, 2017, 07:26:31 AM

I suspected as much, but figured it wasn't my place to say so... honestly, why do people do this sort of thing? What do they gain out of it? Huh

You may DDoS and ask for ransom.
You can DDoS your competitors website to get their customers.
You can DDoS a Tor node to try to find it.
You can DDoS a service you hate.

Lots of reasons. Internet is not a friendly place.

Quote from: x31337 on September 21, 2017, 08:43:05 AM

If i'm mixing .512 btc, and i would receive .05 the remaining .012 BTC will be donated?

If you send 0.512 BTC (512 mBTC) to deposit address, you will receive 512 mBTC chip. You can split it into smaller ones and donate as much as you want.

Quote from: mk4 on September 21, 2017, 09:16:14 AM

Whatever that caused bitmixer to close(I forgot what caused them to close), might can also be the cause ChipMixer to close in the future if it was something involving the government or something.

Nobody knows what caused them do close. There is only speculation for example here: https://bitcointalk.org/index.php?topic=2194145.20

mk4

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Quote from: jodoidao on September 21, 2017, 06:31:44 AM

So it seems the more the service is popular the faster it will fail

Err. You're probably right to some extent. Whatever that caused bitmixer to close(I forgot what caused them to close), might can also be the cause ChipMixer to close in the future if it was something involving the government or something. I hope not though.

Quote from: x31337 on September 21, 2017, 08:43:05 AM

Quote from: ChipMixer on September 21, 2017, 07:06:39 AM

Quote from: HCP on September 20, 2017, 11:25:27 PM

It would appear that chipmixer.io is currently offline/down...

ChipMixer.com is our main domain.
We were under DDoS attack. Tor service was not affected.

OFF: What is the requirements for Sr. Member?

240 activity. Link on ranks: https://bitcointalksearch.org/topic/forum-rankspositionsbadges-what-do-those-shiny-coins-under-my-name-mean-178608

x31337

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Quote from: ChipMixer on September 21, 2017, 07:06:39 AM

Quote from: HCP on September 20, 2017, 11:25:27 PM

It would appear that chipmixer.io is currently offline/down...

ChipMixer.com is our main domain.
We were under DDoS attack. Tor service was not affected.

Yeah, i just got my chips trough Tor. But after the confirmed transaction i got this notice, i worried a bit.
Thank you for gr8 service.

If i'm mixing .512 btc, and i would receive .05 the remaining .012 BTC will be donated?

OFF: What is the requirements for Sr. Member?

HCP

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Quote from: ChipMixer on September 21, 2017, 07:06:39 AM

We do not run out of coins - we run out of chips.
ChipMixer does not work like other mixers. We create fungible chips - we generate private key and fund it with specific amount of BTC. When you deposit your coins, your receive chips that were funded before your deposit, which breaks connection between input and output.

If we prepare chips for 1000 BTC and customers deposit 2000 BTC then we run out of chips while we still have 2000 BTC in the wallet.

Thanks for explaining it a bit better than my "6 beers deep" brain was capable of Wink

This was exactly what I was trying to convey... but obviously failed... the whole point is the "time travel" where my "chips" are already funded before my "deposit"... it's a great system! Cheesy

Quote from: HCP on September 20, 2017, 11:25:27 PM

It would appear that chipmixer.io is currently offline/down...

ChipMixer.com is our main domain.
We were under DDoS attack. Tor service was not affected.
[/quote]
I suspected as much, but figured it wasn't my place to say so... honestly, why do people do this sort of thing? What do they gain out of it? Huh

ChipMixer

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https://bitcointalk.org/index.php?topic=1935098

Quote from: blac on September 20, 2017, 05:11:06 AM

please god someone tell me there is a way to get my session back after I destroyed it. or anything I can do....

When you destroy your session, there is nothing we can do to restore it.

Quote from: blac on September 20, 2017, 05:11:06 AM

I sent over 8 coins, mixed them.

If you mean 8 mBTC, please contact our support.

Quote from: jodoidao on September 21, 2017, 06:19:21 AM

Well even if all the users deposit at once (which is highly unlikely) they simply give to every user the other users bitcoins so they should never ran out of coins...

We do not run out of coins - we run out of chips.
ChipMixer does not work like other mixers. We create fungible chips - we generate private key and fund it with specific amount of BTC. When you deposit your coins, your receive chips that were funded before your deposit, which breaks connection between input and output.

If we prepare chips for 1000 BTC and customers deposit 2000 BTC then we run out of chips while we still have 2000 BTC in the wallet.

Quote from: HCP on September 20, 2017, 11:25:27 PM

It would appear that chipmixer.io is currently offline/down...

ChipMixer.com is our main domain.
We were under DDoS attack. Tor service was not affected.

jodoidao

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So it seems the more the service is popular the faster it will fail

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Quote from: jodoidao on September 21, 2017, 06:19:21 AM

Well even if all the users deposit at once (which is highly unlikely) they simply give to every user the other users bitcoins so they should never ran out of coins... they get 2000 BTC with your example and they need to give out 2000 BTC so they don't even need to use their own supply!

You're missing the one thing that makes ChipMixer unique: the coins you get back are older than the coins you deposit. That means ChipMixer doesn't just use my deposit to pay you, and your deposit to pay me.

jodoidao

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Well even if all the users deposit at once (which is highly unlikely) they simply give to every user the other users bitcoins so they should never ran out of coins... they get 2000 BTC with your example and they need to give out 2000 BTC so they don't even need to use their own supply!

About the 0 percent fee it seems not sustainable in the long run.. maybe they should change the fees or they will soon go bankrupt and will not be able to continue to mix.

HCP

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Quote from: jodoidao on September 21, 2017, 05:03:30 AM

I understand this but it just seem to me very weird that a mixing service will run our of coins... I mean you just mix the coin and re use them for other people no? If it is so successful he should never run out of coins.
The more people that use your service the more coins (fees) you make and you can provide a stronger anonymity to your clients.

You realise they work on a "donation" basis right? There are no fixed fees with ChipMixer... it is totally voluntary... So it's quite possible that they are making 0 BTC of every trade (and actually losing as they have to pay transaction fees to create chips).

Now, suppose they start off with 1000 BTC... and then they have 2000 users who all deposit 1 BTC... how exactly are they going to give out 2000 BTC when they only started with 1000 BTC?

They need time to convert the deposited BTC into chips for users to be able to withdraw... it's not instant! Tongue

jodoidao

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Quote from: HCP on September 21, 2017, 04:48:47 AM

Quote from: jodoidao on September 21, 2017, 02:16:44 AM

Don't you have a reserve of your own to provide bitcoins or is it simply using new customers bitcoins to pay for old customers?

If you read back a page or three, you'll see that they're considering various solutions to the "out of chips" issue... currently, it would appear that their setup doesn't scale well... and since the demise of bitmixer, they've become VERY popular... so, in a way, they've become victims of their own success.

I'm personally hoping for an investment option to increase the bitcoin pool... I'm always on the lookup for ways to make my bitcoins earn their keep Wink

I understand this but it just seem to me very weird that a mixing service will run our of coins... I mean you just mix the coin and re use them for other people no? If it is so successful he should never run out of coins.
The more people that use your service the more coins (fees) you make and you can provide a stronger anonymity to your clients.

HCP

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Quote from: jodoidao on September 21, 2017, 02:16:44 AM

Don't you have a reserve of your own to provide bitcoins or is it simply using new customers bitcoins to pay for old customers?

If you read back a page or three, you'll see that they're considering various solutions to the "out of chips" issue... currently, it would appear that their setup doesn't scale well... and since the demise of bitmixer, they've become VERY popular... so, in a way, they've become victims of their own success.

I'm personally hoping for an investment option to increase the bitcoin pool... I'm always on the lookup for ways to make my bitcoins earn their keep Wink

jodoidao

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Been trying to use this mixing service but it seems it is down on daily basis or always out of bitcoins...
Don't you have a reserve of your own to provide bitcoins or is it simply using new customers bitcoins to pay for old customers?

mocacinno

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Quote from: HCP on September 20, 2017, 11:25:27 PM

It would appear that chipmixer.io is currently offline/down... http://downforeveryoneorjustme.com/chipmixer.io

Hopefully it is back to normal soon

It seems to have been a temporarry problem, it's back up now

HCP

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Quote from: x31337 on September 20, 2017, 08:33:17 PM

what should i do now?
i can't open my session from any browser

It would appear that chipmixer.io is currently offline/down... http://downforeveryoneorjustme.com/chipmixer.io

Hopefully it is back to normal soon

btcton

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Quote from: ChipMixer on September 18, 2017, 05:54:22 AM

Quote from: anarchoatheist on September 17, 2017, 02:36:33 PM

Why not have it set up where there is a fee scale based on how long you keep your coins on the chipmixer system? ranging from investment return for keeping your coins on for a long period, to paying higher fee when you remove your coins immediately. something like this.

+3 months= +1-2%
2 months= +.50-1%
1 month= +.10-.50%
10 days= 0%
5 days = -0.10- -0.50%
1 day= -0.50%- -1%
immediate withdrawal to 1 day = -1- -2%

This is a very interesting idea. Now you can either withdraw your chips and receive private keys or you can take voucher to withdraw them later. Taking the voucher keeps your chips in the pool.
We could add an investment return for vouchers ie. you keep 1 BTC voucher for some time and when you redeem it you get more than 1 BTC.

The only problem I see here is that it looks exactly like pyramid-scheme. All the accountability that ChipMixer is proud of - we do not keep your funds, we give private keys immediatly - is missing from this investment idea.

Please check your PM, I have sent you 32 mBTC voucher.

Besides the pyramid scheme stuff everyone is talking about, another problem is that vouchers could be all saved up and reclaimed at the same time, and if this is done at a large scale, it is unlikely that ChipMixer is going to have enough chips to redeem the vouchers. Other than that, I do agree that it could be seen as a potential long-term scam, so maybe it is better if it is simply kept as it is. No point in playing with the trust that you have already earned and risk losing it.

x31337

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https://i.imgur.com/GLAUkFH.png

what should i do now?
i can't open my session from any browser

TryNinja

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Quote from: blac on September 20, 2017, 05:11:06 AM

please god someone tell me there is a way to get my session back after I destroyed it. or anything I can do....

I sent over 8 coins, mixed them. Pulled off the import to electrum info imported but completely forgot to broadcast the transaction. I copied over the session token to check my betting provs tomorrow... then deleted the session, is there anything I can do... omg

Is there anyway to see things I've recently copied in windows somewhere besides the most recent?

That doesn't make sense. What do you mean with "forgot to broadcast the transaction"? ChipMixer will provide you with funded private keys. You don't need to broadcast any transaction to get your mixed coins. As soon as you import the private keys in an Electrum wallet, you are good to go.

x31337

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Quote from: LoyceV on September 20, 2017, 05:39:28 AM

Quote from: blac on September 20, 2017, 05:11:06 AM

please god someone tell me there is a way to get my session back after I destroyed it. or anything I can do....

I sent over 8 coins, mixed them. Pulled off the import to electrum info imported but completely forgot to broadcast the transaction. I copied over the session token to check my betting provs tomorrow... then deleted the session, is there anything I can do... omg

Is there anyway to see things I've recently copied in windows somewhere besides the most recent?

The bold part is unclear to me: did you import the private keys into Electrum? If so, you should still have them saved within your Electrum wallet.
Deleting the session is meant to remove all traces of your private keys from ChipMixer's server. That can't be recovered on their side, otherwise it wouldn't be very secure.

I'm no expert on Windows, but the more you use your current computer, the less likely it becomes to recover anything.

wtf, over 8 coins, and you destroyed before really shown on your electrum balance?
idk, what do you mean "broadcast the transaction" but you need to import your private keys, so then you didn't pressed the import button???

LoyceV

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Quote from: blac on September 20, 2017, 05:11:06 AM

please god someone tell me there is a way to get my session back after I destroyed it. or anything I can do....

I sent over 8 coins, mixed them. Pulled off the import to electrum info imported but completely forgot to broadcast the transaction. I copied over the session token to check my betting provs tomorrow... then deleted the session, is there anything I can do... omg

Is there anyway to see things I've recently copied in windows somewhere besides the most recent?

The bold part is unclear to me: did you import the private keys into Electrum? If so, you should still have them saved within your Electrum wallet.
Deleting the session is meant to remove all traces of your private keys from ChipMixer's server. That can't be recovered on their side, otherwise it wouldn't be very secure.

I'm no expert on Windows, but the more you use your current computer, the less likely it becomes to recover anything.

Topic: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented - page 120. (Read 92822 times)